(PV Tech) Solar developer Recurrent Energy has secured US$160 million in project financing for its 127MW PV project in Louisiana, US.
A power purchase agreement for the entirety of the Bayou Galion Solar project has also been signed with technology giant Microsoft, while Japanese financial group Mitsubishi UFJ Financial Group acted as coordinated lead arranger for the financing of the plant.
Recurrent Energy announced today that it has secured 343 million Brazilian reais (approximately $70 million) of non-recourse project financing from Banco do Nordeste do Brasil S.A. (BNB) for its Jaiba III solar project in Brazil.
Recurrent Energy today announced that it has secured a multi-currency facility of up to €110 million ($120 million) from a group of international banks led by Investec Bank Plc.
Recurrent Energy announced today the acquisition of a solar PV portfolio in the south of Spain with a capacity of more than 420 MWp.
Recurrent Energy announced today that it has closed non-recourse project financing for its 119 MW Horus Solar project in the region of Aguascalientes, Mexico.
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Recurrent Energy is one of the world’s largest and most geographically diversified utility-scale solar and energy storage project development, ownership, and operations platforms. With an industry-leading team of in-house energy experts, we are a wholly-owned subsidiary of Canadian Solar Inc. and function as Canadian Solar’s global development and power services business.
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The investment will provide Recurrent Energy with additional capital to grow its high value project development pipeline while executing its strategy to transition from a pure developer to a developer plus long-term owner and operator in select markets including the U.S. and Europe.
